Xiaomi Bets Big on India

Xiaomi has made its first investment in an Indian company, Hungama Digital Entertainments, to tap into the growing digital media market. The investment highlights Xiaomi's focus on India as a key market, especially with the increasing 4G penetration. Hugo Barra, VP of Global Operations, discusses Xiaomi's international expansion, emphasizing India and the US. The Indian smartphone market is rapidly growing, with tough competition from Samsung and local brands. Xiaomi aims to leverage the e-commerce boom and offer premium products to capture the market.

What strategies is Xiaomi considering to increase its market share in India?

Discuss the growth potential of the smartphone market in India as mentioned in the text.